About This Practice
This is a rare opportunity to acquire a very well-established bookkeeping, accounting, and tax firm that is poised and ready to be taken to the next level. An exceptional reputation for quality service and customer care has fostered strong organic growth. Client and industry referrals along with selective client onboarding have resulted in a desirable and loyal client base. Billings are 95+% monthly recurring revenue creating excellent cashflow and nominal Accounts Receivable. Workflow is managed by an efficient and effective combination of systemization and clearly defined role accountabilities. Through workflow management software, work and tasks are delegated to team members who understand and deliver on their responsibilities. Staff members work independently and collaboratively to provide a very high level of service. Strong long-term client relationships are the result of a very capable team who work directly with their clients. A casual but professional atmosphere, flexible scheduling, and autonomous management style create a desirable culture for team members. Modern and secure systems provide remote functionality and layers of redundancy. Owner hours are low at ~1,600/year, spent primarily on higher level client and staff support as needed, along with business development. This is an excellent opportunity for a buyer looking for a very reputable practice, excellent team, and many built in and potential growth opportunities. Located in the southern Vancouver Island area, the buyer could combine the best of both career and home.
While this practice would be a tremendous opportunity for a CPA, the practice does not require a CPA buyer. However, public accounting experience with owner-managed businesses and the requisite bookkeeping and tax work that is part of serving this clientele is a must. An ideal buyer will also have strong general business knowledge and experience managing a team of employees. The firm’s clients are familiar with a very high level of integrity and quality work; the new owner will have the capability and personality to continue to build on these existing and new relationships. The firm has a positive culture and strong employee engagement; the new owner will have the ability to delegate work while providing efficient and effective support to foster this team environment. A growth-minded buyer will be able to further develop the firm’s reputation and capitalize on the many opportunities that exist within the firm.
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